Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Dominion Energy, Inc. (D) Halal?

FAIL

Dominion Energy, Inc. · NYSE: D · Utilities

The short answer

No - Dominion Energy, Inc. (D) fails this Shariah stock screen at the debt gate. Dominion Energy, headquartered in Richmond, Virginia, is a regulated electric and natural gas utility operating in three segments (Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy) - none involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance, so the business-activity gate passes. The financial ratios do not: total interest-bearing debt of $48,941M (per the audited FY2025 Form 10-K: $2,409M securities due within one year + $2,457M short-term debt + $44,075M long-term debt) is about 91.31% of its ~$53.6B market cap ($60.76/share, October 2026), far above the ~33% ceiling - long-term debt alone was $46.7B at June 30, 2026. Interest income of $139M is about 0.84% of FY2025 revenue ($16,506M), below the 5% ceiling. Two independent screeners agree: Zoya rates D not Shariah-compliant (September 2026) and Musaffa classifies D as NOT HALAL (October 2026). This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

Dominion Energy, Inc. (NYSE: D), headquartered in Richmond, Virginia (President, CEO and Chairman Robert M. Blue), is a regulated electric and natural gas utility. Per its FY2025 Form 10-K it reports three operating segments: Dominion Energy Virginia (regulated electric service; FY2025 external revenue $11,843M), Dominion Energy South Carolina (regulated electric and gas service; external revenue $3,568M), and Contracted Energy (contracted power generation, including some nonregulated renewables; external revenue $1,140M). FY2025 total operating revenue was $16,506M. A proposed transaction with NextEra Energy was announced in mid-2026 (definitive joint proxy statement filed July 28, 2026, per Dominion's August 2026 Form 425); the company remains NYSE-listed and actively traded. Business-screen implication (factual): every segment provides regulated utility or contracted power services - none involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: FAIL

Per Dominion Energy's FY2025 Form 10-K (fiscal year ended December 31, 2025; filed February 23, 2026), total interest-bearing debt was $48,941M - securities due within one year $2,409M + short-term debt $2,457M + total long-term debt $44,075M (comprising $36,778M long-term debt, $883M securitization bonds, $5,978M junior subordinated notes and $436M other/finance leases). Against a market cap of about $53.6B (danelfin $53.54B, marketbeat $53.76B, October 2026), debt / market cap is about 91.31% - nearly three times the ~33% ceiling. As a cross-check, alphaspread reports long-term debt of $46.7B at June 30, 2026 - about 87% of market cap on its own, before short-term debt. Cash and cash equivalents of $296M (per marketbeat, as of the Q2 2026 filing) is about 0.55% of market cap. Gate 2 fails. Facts only.

Gate 3 — Non-compliant income: PASS

Dominion Energy's FY2025 Form 10-K discloses interest income as a separate line in its segment note: consolidated interest income of $139M for the year ended December 31, 2025 (Virginia $23M + South Carolina $14M + Contracted Energy $125M + Corporate and Other $174M, less $197M of adjustments and eliminations). Against FY2025 total operating revenue of $16,506M, interest income is about 0.84% - below the 5% non-compliant income ceiling. Zoya, reporting on the same FY2025 annual report, reports $0 interest income (about 0% of revenue); both figures pass the ceiling. No other material non-compliant income was identified. Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does Dominion Energy do?

Dominion Energy, Inc. (NYSE: D), headquartered in Richmond, Virginia (President, CEO and Chairman Robert M. Blue), is a regulated electric and natural gas utility. Per its FY2025 Form 10-K it reports three operating segments: (1) Dominion Energy Virginia - regulated electric service, FY2025 external revenue $11,843M; (2) Dominion Energy South Carolina - regulated electric and gas service, external revenue $3,568M; and (3) Contracted Energy - contracted power generation including some nonregulated renewables, external revenue $1,140M. FY2025 total operating revenue was $16,506M. A proposed transaction with NextEra Energy was announced in mid-2026 (definitive joint proxy statement filed July 28, 2026, per Dominion's August 2026 Form 425); the company remains NYSE-listed and actively traded.

Why does Dominion Energy fail this Shariah stock screen?

Dominion Energy fails this Shariah stock screen at Gate 2 (debt). Gate 1 (business activity) passes: all three segments are regulated electric/gas utility operations and contracted power - none involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance. Gate 2 (debt) fails: total interest-bearing debt of $48,941M (per the audited FY2025 Form 10-K balance sheet: $2,409M securities due within one year + $2,457M short-term debt + $44,075M total long-term debt) is about 91.31% of its ~$53.6B market cap, far above the ~33% ceiling. Long-term debt alone was $46.7B at June 30, 2026 (per alphaspread's filing data) - about 87% of market cap by itself. Gate 3 (non-compliant income) passes: separately disclosed consolidated interest income of $139M in FY2025 (10-K segment note) is about 0.84% of $16,506M revenue, below the 5% ceiling. Two independent screeners agree with the failing assessment: Zoya rates D not Shariah-compliant (September 2026) and Musaffa classifies D as NOT HALAL (October 2026). Result: FAIL. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is Dominion Energy's interest-bearing debt ratio?

Per Dominion Energy's FY2025 Form 10-K (fiscal year ended December 31, 2025; filed February 23, 2026), total interest-bearing debt was $48,941M: securities due within one year $2,409M + short-term debt $2,457M + total long-term debt $44,075M (comprising $36,778M long-term debt, $883M securitization bonds, $5,978M junior subordinated notes, and $436M other/finance leases). Against a market cap of about $53.6B (per danelfin $53.54B and marketbeat $53.76B, October 2026), debt / market cap is about 91.31% - nearly three times the ~33% ceiling. As a cross-check, alphaspread reports long-term debt of $46.7B at June 30, 2026 - about 87% of market cap on its own, before short-term debt and securities due within one year. Cash and cash equivalents of $296M (per marketbeat, as of the Q2 2026 filing) is about 0.55% of market cap; the Q1 2026 10-Q reported $351M at March 31, 2026. Gate 2 fails. Facts only.

What is Dominion Energy's non-compliant income ratio?

Dominion Energy's FY2025 Form 10-K discloses interest income as a separate line in its segment note: consolidated interest income of $139M for the year ended December 31, 2025 (Virginia $23M + South Carolina $14M + Contracted Energy $125M + Corporate and Other $174M, less $197M of adjustments and eliminations). Against FY2025 total operating revenue of $16,506M, interest income is about 0.84% - below the 5% non-compliant income ceiling. Zoya, reporting on the same FY2025 annual report, reports $0 interest income (about 0% of revenue); both figures pass the ceiling. No other material non-compliant income was identified. Gate 3 passes. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover Dominion Energy?

Zoya covers Dominion Energy at zoya.finance/stocks/d and, as of September 2026, flags D as not Shariah-compliant based on the company's most recent financial reports (it also reports $0 interest income for FY2025). Musaffa covers Dominion Energy at musaffa.com/stock/D/ and, as of October 2026, classifies D as not halal under its AAOIFI methodology. ShariaPortfolio publishes no per-ticker Dominion Energy rating in its public materials - it is a boutique wealth manager rather than a public ticker-by-ticker screener, so nothing was found to quote. Both Zoya and Musaffa agree with this page's FAIL assessment. This page applies the screen directly from Dominion Energy's own SEC filings.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).